Petronas, Petros to jointly develop Malaysia's oil and gas sectors as federal, Sarawak governments resolve dispute

Business

Sarawak holds about 60 per cent of Malaysia’s gas reserves and accounts for 90 per cent of Malaysia’s liquified natural gas (LNG) exports. KUALA LUMPUR: Malaysia’s federal government and the Sarawak state government have inked a joint declaration, seemingly putting to bed a protracted dispute over the governance of oil and gas distribution within Sarawak. Signed by Prime Minister Anwar Ibrahim and Sarawak Premier Abang Johari Openg on Wednesday (May 21), the declaration will see Malaysia’s